First Horizon Advisors Inc. Sells 88 Shares of Valero Energy Co. (NYSE:VLO)

First Horizon Advisors Inc. trimmed its stake in Valero Energy Co. (NYSE:VLO) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,134 shares of the oil and gas company’s stock after selling 88 shares during the period. First Horizon Advisors Inc.’s holdings in Valero Energy were worth $537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Miracle Mile Advisors LLC purchased a new stake in shares of Valero Energy in the third quarter valued at $242,000. Concord Wealth Partners lifted its stake in Valero Energy by 3.5% in the third quarter. Concord Wealth Partners now owns 5,722 shares of the oil and gas company’s stock worth $811,000 after purchasing an additional 193 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Valero Energy by 35.7% during the third quarter. Verdence Capital Advisors LLC now owns 6,308 shares of the oil and gas company’s stock valued at $894,000 after buying an additional 1,658 shares during the period. BluePath Capital Management LLC bought a new position in shares of Valero Energy during the third quarter valued at approximately $300,000. Finally, Jeppson Wealth Management LLC purchased a new stake in shares of Valero Energy in the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.3 %

Shares of NYSE VLO opened at $156.84 on Friday. The business has a fifty day moving average price of $163.15 and a 200 day moving average price of $141.69. Valero Energy Co. has a 1-year low of $104.18 and a 1-year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The stock has a market capitalization of $52.15 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same period last year, the business earned $8.27 EPS. The company’s revenue was down 12.8% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 18.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Finally, Wells Fargo & Company boosted their price target on Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.40.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.